Daily News Energy Headlines from March 9, 2017

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CRUDE OIL
Oil Falls Below $50 a Barrel - U.S. crude fell about 2% on Thursday, falling below the $50-per-barrel mark for the first time since December. (Reuters)

U.S. Awards 10 Million Barrels from Strategic Petroleum Reserve - The U.S. Energy Department said on Thursday that it had awarded 10 million barrels of sour crude oil to BP plc (NYSE:BP), Valero Marketing and Supply Company, among others, from the strategic petroleum reserve. (Reuters)

PIPELINES
Trans Mountain Begins Open Season on Remaining Barrels - Kinder Morgan Incorporated (NYSE:KMI) began open season on Thursday for the remaining 22,000 barrels per day of shipping on its Trans Mountain pipeline in Canada. (Business Wire)

FINANCIAL
Shell Sells Oil Sands Oil Sands Assets - Royal Dutch Shell (NYSE:RDS-A) has agreed to sell most of its Canadian oil sands assets for $8.5 billion, the latest international oil major to withdraw from the oil sands region. (Reuters)

Exxon to Buy Mozambique Gas Stake from Eni - Exxon Mobil Corporation (NYSE:XOM) said it will buy 25% of a liquefied natural gas (LNG) project off Mozambique from Italy's Eni SpA (NYSE:E) for about $2.8 billion as the U.S. oil giant expands its worldwide LNG footprint. (Bloomberg)

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About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.